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Trade Truce Offers Temporary Relief, But Uncertainty Clouds 2026 Outlook
The 12-month trade truce between the U.S. and China, coming into effect on November 10, has brought temporary relief to the global shipping market. Amongst other measures, both countries have agreed to the suspension of reciprocal port fees and a 10% reduction of U.S. tariffs on Chinese imports. Despite these steps, analysts warn that the